Anheuser-Busch Wants Out Of 'Reflexive' Shareholder Suit

Law360 (February 21, 2020, 3:23 PM EST) -- Anheuser-Busch InBev SA/NV and two of its executives are seeking to end a proposed securities class action alleging fraud over a proposal to lower dividend payments to shareholders, telling a New York federal judge that such lawsuits are predictable, but that this one failed to show the beer company actually misrepresented anything.

In a Thursday memo supporting its motion to dismiss the lawsuit, the beer company told U.S. District Judge Alvin K. Hellerstein that it had been talking for years about lowering its payments to investors before its stock price dropped in October 2018 following the company's announcement that it would...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!